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The Buy To Let Boom

Friday, 04 October 2019

Why is buy-to-let a more popular option than ever in the island?

It seems like not a day goes by in the Livingroom office at the moment when we’re not fielding a call from clients interested in buy-to-let opportunities.

A buoyant lettings market

The lettings market is experiencing a healthy level of demand as it’s considered a sound alternative to buying for people from many different demographics. No longer the preserve of young professionals; renting is now just as popular among retirees who want to travel more so don’t want the property commitment, those who are between properties and those who have moved to the island and want to ‘try it out’ before settling permanently.

Favourable mortgages

Banks and lenders are offering favourable buy-to-let mortgages at the moment, which of course is a crucial consideration for most looking to get into the market.

Offering a sound investment

With savings accounts not providing the returns they once did, purchasing a property and letting it out is seen as a solid investment vehicle that can provide a steady, often high, yield. We recognise the importance of this so have displayed the annual estimated gross yield prominently on every listing on our award-winning website. This makes it easy for users to see the return they could expect on any property and realise the value that an investment in property could bring.

Demand for rental property is at an all-time high in the islands so get in touch with our team to learn more about buy-to-let options, letting out your current property or our existing rental stock.

Our agents can be contacted on 01481 715555 or email info@livingroom.gg

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